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correct wrong answers please a. Depreciation on the company's equipment for the year is computed to be $18,000. b. The Prepald Insurance account had a

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a. Depreciation on the company's equipment for the year is computed to be $18,000. b. The Prepald Insurance account had a $6,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysts of the company's Insurance policies showed that $1,100 of unexpired Insurance coverage remains. c The Office Supplies account had a $700 debit balance at the beginning of December, and $3,480 of office supplies were purchased in December. The December 31 physical count showed $300 of supplies available, d. Two-thirds of the work related to $15.000 of cash received in advance was performed this period. e. The Prepaid Rent account had a $6,800 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of rental policies showed that $5,800 of rental coverage had expired. f. Wage expenses of $3,200 have been incurred but are not paid as of December 31 Prepare adjusting Journal entries for the year ended date of) December 31 for each of these separate situations. No Transaction Answer is complete but not entirely correct. General Journal Depreciation expense-Equipment Accumulated depreciation Equipment Credit Debit 18.000 1 O 18,000 2 b 6.340 Insurance axpense Prepaid insurance 6.340 oo OO 3 c 2.577 Supplies expense Supplies 2,577 $ 4 d. 9.7803 Revenue Revenue 9.750 5 X 3.640 83 Insurance expense Prepaid insurance 3,8403 6 3.000 3 Wages expense Wages payable OO 3.000 3

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